The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Feeling lost, need advice! Date:  2/18/2012  12:02 PM
Author:  joelxwil Number:  70165 of 88498

Well, first, roll over the old 401K to an IRA with somebody like TDAmeritrade or Schwab. You will have more choices. Mutual funds, stocks, ETFs. I cannot recommend Fidelity, since I have received extremely bad service from them, and even had to complain (successfully) to the NASD to get them to fix their mistakes.

Second, you need a market timing discipline. Study technical analysis and look at something like PRISM.

Nothing is 100%, but the market does tend to trend, and you want to be in the market when the trend is up, and out when the trend is down. It is unlikely that you will ever, no matter what method you use, buy at the bottom and then sell at the top. I have never found a timing system without some bad trades. However, you can do pretty well.

Most mutual funds do not like it if you sell the fund. They have 90 day holding rules and other things. If you dollar cost average into a fund, you may not be able to sell when you need to - at least without incurring the wrath of the fund manager. Hence I would stick to ETFs and individual stocks. The leveraged ETFs are OK, but only if you watch carefully and buy and sell at the right time.

Proper investing takes a certain amount of work and discipline.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us